Tanju Akbıyık 
The recently launched Drift coin (DRIFT) has made serious profits to its investors with its recent surge. But will the rise continue?
With Bitcoin’s ATH (all-time high) in recent days, many coins have risen significantly in the cryptocurrency markets. Among these coins, the newly released DRIFT attracted attention with its rapid rise.
Especially after the news that it will be listed on the Upbit exchange, the coin, which experienced an increase of nearly 50%, increased up to 130% with the Binance futures listing yesterday. Before these developments, the DRIFT coin price was at $ 0.50, while the price rose up to $ 2.61 with a 130% increase. Investors are worried about a possible sharp pullback after this rise.
Will the DRIFT Rise Continue?
The most curious question for DRIFT coin, which makes its investors very happy, is whether the rise will continue. DRIFT coin, which rose as high as $ 2.61 during the day, is currently down to $ 1.71 with the retreat it experienced. Analysts consider the price levels that may come in possible corrections as the $ 1.27 and $ 0.90 band.
In addition, analysts emphasized that it is necessary to maintain levels above $ 2 for the rise to continue.
What is Drift Protocol?
Drift Protocol is a futures DEX platform that aims to bring on-chain cross-margined perpetual futures to Solana. For more detailed information about the project, you can read our related article.